Jay-Z and Beyonce land a $52.8-million mortgage for Bel-Air mansion

"The rapper/hip-hop magnate and his superstar wife, through blind trusts, paid $88 million for the sprawling contemporary estate, public records now show. Also revealed in the records is that the couple is carrying a mortgage amount of $52.8 million."

"For Jay-Z and Beyoncé, its a monolithic-vibe modern mansion with approximately 30,000 square feet of living space, four outdoor swimming pools and a spa and wellness center. Developed by Dean McKillen, the son of Irish billionaire and property investor Paddy McKillen, the residence sits behind gates on about two acres and comprises six structures."

"The off-market transaction is now the highest sale of 2017 in Los Angeles County, besting the $85-million deal for David Geffen's Malibu compound that recorded in May. Historically, it is L.A.'s six-largest sale of a single-family home, trailing last year's pair of $100-million deals."

Jay-Z and Beyoncé acquired an $88 million contemporary estate in the Los Angeles area through blind trusts, carrying a $52.8 million mortgage. Monthly payments amount to approximately $252,075 at a 4% interest rate over 30 years. The sprawling property, developed by Dean McKillen, spans approximately 30,000 square feet across six structures on two acres behind gates. Amenities include four outdoor swimming pools, a spa and wellness center, media room, staff quarters, and a full-sized basketball court. The off-market transaction represents the highest sale in Los Angeles County for 2017, surpassing David Geffen's $85 million Malibu compound sale and ranking as the sixth-largest single-family home sale in Los Angeles history.

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